Chainalysis Acquires Alterya for $150 Million to Enhance Fraud Detection

Chainalysis has acquired fraud detection startup Alterya for $150 million. This acquisition aims to enhance Chainalysis' capabilities in combating blockchain scams.

Chainalysis focuses on tracing illicit crypto flows for financial institutions and governments.
Alterya uses data to halt fraudulent transactions mid-route.
The merger combines Chainalysis' extensive data on crypto scammers with Alterya's comprehensive scammer financial infrastructure dataset.
This collaboration is expected to improve the identification of scammers.
Both companies will operate from a new office in Tel Aviv, enhancing access to local talent.
Chainalysis plans to expand its anti-fraud efforts into traditional financial markets using Alterya's AI-driven models.